https://padlet.com/bryand375/a6uuynptuhui Explaining Life Insurance and Answering Questions en-us 2018-03-26 02:30:57 UTC 2018-03-26 05:45:30 UTC hello@padlet.com bryand375 https://padlet.com/bryand375/a6uuynptuhui/wish/245924825 Life insurance is an insurance that pays out a sum of money either on the death of the insured person or after a set period. ]]> 2018-03-26 02:37:38 UTC https://padlet.com/bryand375/a6uuynptuhui/wish/245924825 bryand375 https://padlet.com/bryand375/a6uuynptuhui/wish/245926724 1. a: If you are a single person, you don't really need life insurance, but there are other reasons to have life insurance. Maybe you want to help pay for your debts, financially support your aging parents, or a sibling with special needs.  
1. b: This needs can can change when you have a family, because you would need to financially support them for your children's education, your funeral costs, rent, any debt, and bills.    
1. c: Needs would change if you were retired, you would have life insurance to inherit money to your heirs, also to pay for funeral costs, taxes, and other expenses.  
2. My Human Life Value: $370,547.89]]> 2018-03-26 02:52:06 UTC https://padlet.com/bryand375/a6uuynptuhui/wish/245926724 bryand375 https://padlet.com/bryand375/a6uuynptuhui/wish/245930008 1. Life events that would consider re-evaluation of life insurance:  
a. Marriage  
b. Having a child 
c. Getting a new job  
d. Buying a home  
e. Divorce 
f. Paying off your mortgage  
g. Retirement  
2. Effects of the event 
a. Marriage: if you die, your spouse would need money to cover your funeral costs, also to pay for rent, and other needs. 
b. Having a child: To pay for the child's education, college, also other needs, like food, clothing, schooling, and much more.  c. Getting a new job: Your job would provide more money, and you could boost your life insurance policy to match. Which is more money for your family. 
d. Buying a home: To help pay for the mortgage of your home. Boost the life insurance policy.  
e. Divorce: Change your policy quickly so your ex would no longer be your beneficiary. 
f. Paying off your mortgage: Ending the mortgage would reduce your family's expenses. Helping them save money.  g. Retirement: To help financial support your heirs, also pay off your debts, and pay for your funeral. ]]> 2018-03-26 03:15:59 UTC https://padlet.com/bryand375/a6uuynptuhui/wish/245930008 bryand375 https://padlet.com/bryand375/a6uuynptuhui/wish/245935181 1. Anyone who has a job should have disability insurance. 
2. 5 Examples for Re-evaluating Life Insurance 
a. Injured In The Job 
b. Starting In A New Job  
c. Almost Had An Injury In The Job 
d. Difficulty Doing Everyday Things 
e. Have many other expenses
3. The 5 Types of Disability Insurance: 
a. Non-Cancel-able Disability Insurance: is a life or disability insurance policy that an insurance company can't cancel, increase the premiums on or reduce the benefits of as long as the customer pays the premiums.
b. Guaranteed Renewable Disability Insurance: is an insurance policy feature that obligates the insurer to continue coverage as long as premiums are paid in the policy. 
c. Conditionally Renewable Disability Insurance: allows an insurance company to cancel or not renew a policy benefits the insurer, not the policy holder. 
d. Cost of Living Adjustment Disability Insurance: Also called a COLA, a COLA rider adjusts the amount of monthly disability benefit received by the insured each year during his or her disability.  
e. Business Overhead Expense Disability Insurance: pays the insured's business overhead expenses if he or she becomes disabled.   ]]> 2018-03-26 03:51:06 UTC https://padlet.com/bryand375/a6uuynptuhui/wish/245935181 bryand375 https://padlet.com/bryand375/a6uuynptuhui/wish/245940037 1. You should consider getting long term care insurance if you develop a chronic illness or become disabled and can no longer care for yourself for an extended period of time.
2. It can cover home care, assisted living, adult daycare, respite care, hospice care, nursing home, Alzheimer's facilities, and home modification to accommodate disabilities. ]]> 2018-03-26 04:33:16 UTC https://padlet.com/bryand375/a6uuynptuhui/wish/245940037 bryand375 https://padlet.com/bryand375/a6uuynptuhui/wish/245941901 1. Scenario 1: I would recommend disability insurance, because you are currently employed, and also you do not need life insurance because you do not have a spouse nor kids to be responsible of.  
Scenario 2: I recommend life insurance, because you have a spouse, kids, and a business. If you pass away, your family will need financial support for their expenses, especially the kids.  
Scenario 3: I would recommend long term care insurance because you are now a senior, you have no family, only yourself, and because of your age, you might not be able to take care of yourself anymore, so you should consider long term care insurance, so you can get help in daycare, and life assistance. ]]> 2018-03-26 04:50:45 UTC https://padlet.com/bryand375/a6uuynptuhui/wish/245941901